Nifty Analysis

Thursday, July 23, 2015

Closed above Neck line, Explained three consecutive close below
positive breakout line only negative. Triggered one day and managed
closed above neck line. Nifty managed to close above 8600 today then
small rally up to 161.8% of the previous small swing TGT 8701-8715.

Positive divergence in MACD hourly chart.

21st Jul statment "Profit booking and buy on dip is the strategy in intra.

MF says some negative divergence with double top. So expected some profit booking at every resistance."

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